Apartment Investment and Management Company (NYSE:AIV) CEO Terry Considine sold 111,577 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $44.01, for a total transaction of $4,910,503.77. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Apartment Investment and Management Company (AIV) opened at $44.22 on Friday. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 2.97 and a beta of 0.47. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.51 and a current ratio of 0.59.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.51). The company had revenue of $254.64 million during the quarter, compared to analysts’ expectations of $249.17 million. Apartment Investment and Management had a net margin of 21.36% and a return on equity of 13.81%. During the same period in the prior year, the business posted $0.54 earnings per share. analysts predict that Apartment Investment and Management Company will post 2.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be issued a $0.36 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.44 dividend on an annualized basis and a yield of 3.26%. Apartment Investment and Management’s payout ratio is 109.92%.

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Several equities research analysts have recently issued reports on AIV shares. Zacks Investment Research lowered shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. UBS Group AG (USA) lowered shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a research note on Friday, September 8th. Barclays PLC lowered their target price on shares of Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 18th. Mizuho lowered shares of Apartment Investment and Management from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $45.00 to $42.00 in a research note on Monday, July 10th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $46.00 price target on shares of Apartment Investment and Management in a research note on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $46.90.

A number of hedge funds have recently added to or reduced their stakes in AIV. Renaissance Technologies LLC raised its holdings in Apartment Investment and Management by 86.0% in the 2nd quarter. Renaissance Technologies LLC now owns 4,072,785 shares of the real estate investment trust’s stock valued at $175,008,000 after acquiring an additional 1,883,585 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Apartment Investment and Management in the 2nd quarter valued at about $37,412,000. Principal Financial Group Inc. raised its holdings in Apartment Investment and Management by 10.4% in the 2nd quarter. Principal Financial Group Inc. now owns 7,481,959 shares of the real estate investment trust’s stock valued at $321,500,000 after acquiring an additional 701,904 shares during the last quarter. Duff & Phelps Investment Management Co. raised its holdings in Apartment Investment and Management by 63.3% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,665,067 shares of the real estate investment trust’s stock valued at $71,548,000 after acquiring an additional 645,150 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in Apartment Investment and Management in the 2nd quarter valued at about $23,487,000. Institutional investors own 98.43% of the company’s stock.

About Apartment Investment and Management

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). Aimco, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. It operates through two segments: conventional real estate and affordable real estate.

Insider Buying and Selling by Quarter for Apartment Investment and Management (NYSE:AIV)

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